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The South Pacific Stock Exchange (SPSE) trading floor regained momentum in this short week with a total of eight trades in three securities compared to only six trades executed in three securities last week.
The Exchange’s trading summary reported a total of 45,060 shares traded, compared to 6750 that exchanged hands the prior week.
“The overall turnover also increased this week to close at $60,370 as compared to $11,188 the prior week,” SPSE chief executive Jinita Prasad said.
She said a fall in share price of market heavyweight, Amalgamated Telecom Holdings Limited (ATH) by 0.86 per cent led to the depreciation of the overall market capitalisation by 0.43 per cent, and ended the week at $975,879,352 compared to $980,100,400 the previous week.
Prasad said ATH was the only stock to witness a fall in its share price by one cent closing the week at $1.15.
She said the security traded in two transactions with a volume of 37,800 shares, raking in a consideration of $43,470.
